NYSE$GEF

Greif Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Greif's Q1 2022 results were announced, showcasing increased net sales and adjusted EBITDA compared to the previous year, driven by disciplined operational execution.

Greif reported a strong first quarter in 2022, with net sales increasing to $1,564.3 million and adjusted EBITDA rising to $196.8 million. The company completed its CEO transition, announced the divestiture of its equity interest in the Flexible Products & Services joint venture, and increased its Fiscal Year 2022 guidance.

  • Net sales increased by $417.8 million to $1,564.3 million.
  • Adjusted EBITDA increased by $58.3 million to $196.8 million.
  • Net income was $10.3 million, or $0.18 per diluted Class A share.
  • The company announced a definitive agreement to divest its 50% equity interest in the Flexible Products & Services joint venture for $123 million.

Headline financials

Total Revenue

$1.56B

Previous: $1.15B+36.4%
EPS (adj)

$1.28

Previous: $0.61+109.8%
Capital Expenditures

-$49.3M

Previous: -$28.4M-73.6%
Free Cash Flow

-$39M

Previous: -$5M-680.0%
Net Income

$10.3M

Previous: $23.4M-56.0%
Operating Income

$72M

Previous: $70M+2.9%
Gross Profit

$290M

Previous: $212M+36.5%
Cash & Equivalents

$120M

Previous: $101M+18.0%
Total Assets

$5.77B

Previous: $5.57B+3.6%

Revenue & EPS history

Greif · Revenue · Quarterly

$1.56B

Q1 2022+36.4%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Greif provided fiscal year 2022 outlook, excluding the contribution from the Flexible Products & Services joint venture after the expected divestiture on March 31, 2022.

Tailwinds

  • Class A earnings per share before adjustments are projected to be between $6.30 and $6.90.
  • Adjusted free cash flow is expected to be between $380 million and $440 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

-0.8%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+18.4%

Q4 2017

Best reaction

-14.6%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.4%+4.6%-3.1%
Q1 2026-1.0%+5.0%-2.2%
Q4 2025+0.8%+4.6%+14.2%
Q2 2025+15.0%+16.6%+26.6%
Q1 2025-8.4%-9.5%-9.1%
Q4 2024-1.9%-4.3%-14.3%
Q3 2024-2.0%-1.1%-1.4%
Q2 2024-3.0%-4.2%-10.6%
Q1 2024+4.1%+2.1%+11.5%
Q4 2023-4.1%-9.4%-8.6%
Q3 2023-1.6%-1.5%-9.4%
Q2 2023+12.4%+15.6%+9.3%
Q1 2023-7.0%-8.3%-10.8%
Q4 2022-3.3%-2.6%-4.3%
Q3 2022-4.3%-1.8%-13.0%
Q2 2022+3.7%-2.9%-2.3%
Q1 2022+8.1%+4.9%+17.0%
Q4 2021+0.3%-5.4%-4.5%
Q3 2021+4.1%+8.0%+4.2%
Q2 2021+2.5%+2.2%-1.2%
Q1 2021+3.8%+9.8%+25.8%
Q4 2020-5.7%-8.6%+0.1%
Q3 2020-7.8%-5.2%-7.5%
Q2 2020+12.1%+22.6%+2.8%
Q1 2020-7.8%-5.0%-19.6%
Q4 2019+0.4%+3.7%+1.6%
Q3 2019+15.8%+11.3%+20.3%
Q2 2019-12.2%-10.3%-12.6%
Q1 2019-5.4%-2.7%-2.9%
Q4 2018-9.8%-10.6%-24.4%
Q3 2018+3.7%+0.3%-2.5%
Q2 2018-6.2%-4.3%-13.0%
Q1 2018-14.6%-13.7%-10.6%
Q4 2017+18.4%+14.7%+12.6%
Q3 2017+6.8%+3.5%+3.4%
Q2 2017-6.9%-8.0%-3.9%
Q1 2017-6.7%-2.9%-3.4%
Q4 2016+3.3%+4.6%-2.7%
Q3 2016+5.4%+7.2%+15.3%
Q2 2016+8.0%+5.5%+1.8%
Q1 2016-0.2%
Q4 2015+7.1%
Q3 2015+15.0%
Q2 2015+1.2%
Q1 2015-14.1%
Q4 2014-4.4%
Q3 2014-0.7%
Q2 2014-1.5%
Q1 2014-0.2%
Q4 2013-6.0%
Q3 2013-3.8%
Q2 2013+3.5%
Q1 2013+0.6%
Q4 2012-1.3%
Q3 2012+1.6%
Q2 2012-3.7%
Q1 2012-0.4%
Q4 2011-0.9%
Q3 2011-1.0%
Q2 2011+1.7%
Q1 2011+0.0%
Q4 2010+1.4%
Q3 2010-0.1%
Q2 2010+3.4%
Q1 2009+0.8%

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